10-K/A Filing

SUNRISE REAL ESTATE GROUP INC CIK: 1083490 FY 2011

Filing Information

Form Type	10-K/A
Accession Number	`0001144204-12-058790`
Period End Date	20111231
Filing Date	20121101
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	srre-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 80 Stockholders Equity 16

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.69M	shares	Point-in-time
Restricted cash (Note 4)	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Restricted cash (Note 4)	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.69M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$258.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.69M	shares	Point-in-time
Promissory deposits (Note 5)	`DepositsAssetsCurrent`	$1.14M	USD	Point-in-time
Promissory deposits (Note 5)	`DepositsAssetsCurrent`	$3.54M	USD	Point-in-time
Amount due from related company (Note 12)	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Amount due from related company (Note 12)	`DueFromRelatedPartiesCurrent`	$317.42K	USD	Point-in-time
Other receivables and deposits (Note 6)	`OtherReceivablesAndDepositNetCurrent`	$863.81K	USD	Point-in-time
Other receivables and deposits (Note 6)	`OtherReceivablesAndDepositNetCurrent`	$378.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.03M	USD	Point-in-time
Property, plant and equipment - net (Note 7)	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Property, plant and equipment - net (Note 7)	`PropertyPlantAndEquipmentNet`	$2.41M	USD	Point-in-time
Investment properties (Note 8)	`RealEstateInvestmentPropertyNet`	$6.92M	USD	Point-in-time
Investment properties (Note 8)	`RealEstateInvestmentPropertyNet`	$7.21M	USD	Point-in-time
Long-term investment (Note 9)	`EquityMethodInvestments`	$1.51M	USD	Point-in-time
Long-term investment (Note 9)	`EquityMethodInvestments`	$4.25M	USD	Point-in-time
Total assets	`Assets`	$17.32M	USD	Point-in-time
Total assets	`Assets`	$22.17M	USD	Point-in-time
Bank loans (Note 10)	`LoansPayableToBankCurrent`	$11.11M	USD	Point-in-time
Bank loans (Note 10)	`LoansPayableToBankCurrent`	$8.30M	USD	Point-in-time
Promissory notes payable (Note 11)	`NotesPayableCurrent`	$1.73M	USD	Point-in-time
Promissory notes payable (Note 11)	`NotesPayableCurrent`	$903.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$481.74K	USD	Point-in-time
Amount due to directors (Note 12)	`DueToOfficersOrStockholdersCurrent`	$189.84K	USD	Point-in-time
Amount due to directors (Note 12)	`DueToOfficersOrStockholdersCurrent`	$5.19M	USD	Point-in-time
Amount due to related party (Note 12)	`DueToRelatedPartiesCurrent`	$87.29K	USD	Point-in-time
Amount due to related party (Note 12)	`DueToRelatedPartiesCurrent`	$98.12K	USD	Point-in-time
Other payables and accrued expenses (Note 13)	`OtherAccountsPayableAndAccruedLiabilities`	$3.49M	USD	Point-in-time
Other payables and accrued expenses (Note 13)	`OtherAccountsPayableAndAccruedLiabilities`	$3.09M	USD	Point-in-time
Other tax payable (Note 14)	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$266.71K	USD	Point-in-time
Other tax payable (Note 14)	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$69.40K	USD	Point-in-time
Income tax payable (Note 15)	`AccruedIncomeTaxesCurrent`	$224.32K	USD	Point-in-time
Income tax payable (Note 15)	`AccruedIncomeTaxesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.26M	USD	Point-in-time
Long-term bank loans	`LongTermLoansFromBank`	$2.26M	USD	Point-in-time
Long-term bank loans	`LongTermLoansFromBank`	-	USD	Point-in-time
Deposits received from underwriting sales (Note 17)	`CustomerDepositsNoncurrent`	$3.09M	USD	Point-in-time
Deposits received from underwriting sales (Note 17)	`CustomerDepositsNoncurrent`	$3.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.98M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share; 200,000,000 shares authorized; 28,691,925 shares issued and outstanding as of December 31, 2011 and 23,691,925 shares issued and outstanding as of December 31, 2010	`CommonStockValue`	$236.92K	USD	Point-in-time
Common stock, par value $0.01 per share; 200,000,000 shares authorized; 28,691,925 shares issued and outstanding as of December 31, 2011 and 23,691,925 shares issued and outstanding as of December 31, 2010	`CommonStockValue`	$286.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.62M	USD	Point-in-time
Statutory reserve (Note 18)	`StatutoryReserve`	$782.99K	USD	Point-in-time
Statutory reserve (Note 18)	`StatutoryReserve`	$782.99K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-10.41M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-8.99M	USD	Point-in-time
Non-controlling interests of consolidated subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.16M	USD	Point-in-time
Non-controlling interests of consolidated subsidiaries	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$985.70K	USD	Point-in-time
Accumulated other comprehensive income (Note 19)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$532.33K	USD	Point-in-time
Accumulated other comprehensive income (Note 19)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$489.46K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.11M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.29M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-2.66M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$22.17M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$17.32M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`SalesRevenueNet`	$8.97M	USD	Annual
Net Revenues	`SalesRevenueNet`	$12.82M	USD	Annual
Cost of Revenues	`CostOfRevenue`	$7.06M	USD	Annual
Cost of Revenues	`CostOfRevenue`	$6.23M	USD	Annual
Gross Profit	`GrossProfit`	$5.76M	USD	Annual
Gross Profit	`GrossProfit`	$2.74M	USD	Annual
Operating Expenses	`OperatingCostsAndExpenses`	$1.38M	USD	Annual
Operating Expenses	`OperatingCostsAndExpenses`	$1.04M	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.52M	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.60M	USD	Annual
Operating Profit/(Loss)	`OperatingIncomeLoss`	$1.78M	USD	Annual
Operating Profit/(Loss)	`OperatingIncomeLoss`	$-825.19K	USD	Annual
Other Income, Net (Note 20)	`OtherNonoperatingIncomeExpense`	$1.20M	USD	Annual
Other Income, Net (Note 20)	`OtherNonoperatingIncomeExpense`	$53.56K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$13.78K	USD	Annual
Interest Income	`InvestmentIncomeInterest`	$9.96K	USD	Annual
Interest Expenses	`InterestExpense`	$1.51M	USD	Annual
Interest Expenses	`InterestExpense`	$613.15K	USD	Annual
Profit/(Loss) Before Income Tax and Non-controlling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	Annual
Profit/(Loss) Before Income Tax and Non-controlling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.23M	USD	Annual
Income Tax (Note 15)	`IncomeTaxExpenseBenefit`	$664.19K	USD	Annual
Income Tax (Note 15)	`IncomeTaxExpenseBenefit`	$26.89K	USD	Annual
Profit/(Loss) Before Non-controlling Interest	`ProfitLoss`	$562.27K	USD	Annual
Profit/(Loss) Before Non-controlling Interest	`ProfitLoss`	$-1.15M	USD	Annual
Non-controlling Interest of Consolidated Subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$587.76K	USD	Annual
Non-controlling Interest of Consolidated Subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$262.67K	USD	Annual
Net Profit/(Loss)	`NetIncomeLoss`	$-1.42M	USD	Annual
Net Profit/(Loss)	`NetIncomeLoss`	$-25.49K	USD	Annual
Profit/(Loss) Per Share - Basic and Fully Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Profit/(Loss) Per Share - Basic and Fully Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding - Basic and Fully Diluted (in shares)	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	23.69M	shares	Annual
Weighted average common shares outstanding - Basic and Fully Diluted (in shares)	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	26.19M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net profit/(loss)	`NetIncomeLoss`	$-1.42M	USD	Annual
Net profit/(loss)	`NetIncomeLoss`	$-25.49K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$866.22K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$926.33K	USD	Annual
Loss /(Gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss /(Gain) on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-21.05K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$587.76K	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$262.67K	USD	Annual
Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	Annual
Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$1.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-404.12K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$847.16K	USD	Annual
Promissory deposits	`IncreaseDecreaseInDepositOtherAssets`	$2.29M	USD	Annual
Promissory deposits	`IncreaseDecreaseInDepositOtherAssets`	$373.63K	USD	Annual
Other receivables and deposits	`IncreaseDecreaseInDepositsAndOtherAssets`	$191.94K	USD	Annual
Other receivables and deposits	`IncreaseDecreaseInDepositsAndOtherAssets`	$454.38K	USD	Annual
Amount due from related party (net)	`IncreaseDecreaseInDueFromRelatedParties`	$-309.68K	USD	Annual
Amount due from related party (net)	`IncreaseDecreaseInDueFromRelatedParties`	$-33.10K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-233.69K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$380.87K	USD	Annual
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$722.13K	USD	Annual
Other payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-17.27K	USD	Annual
Deposit from underwriting sales	`IncreaseDecreaseInCustomerDeposits`	$-973.84K	USD	Annual
Deposit from underwriting sales	`IncreaseDecreaseInCustomerDeposits`	$-526.57K	USD	Annual
Interest payable on promissory notes	`IncreaseDecreaseInInterestPayableNet`	$107.01K	USD	Annual
Interest payable on promissory notes	`IncreaseDecreaseInInterestPayableNet`	$120.87K	USD	Annual
Interest payable on amount due to director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$15.27K	USD	Annual
Interest payable on amount due to director	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$630.35K	USD	Annual
Amount due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Amount due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-15.46K	USD	Annual
Other tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-205.80K	USD	Annual
Other tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-126.66K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.13M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$333.01K	USD	Annual
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.88M	USD	Annual
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-178.09K	USD	Annual
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$484.74K	USD	Annual
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.66K	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.60K	USD	Annual
Equity investment	`PaymentsToAcquireEquityMethodInvestments`	$1.48M	USD	Annual
Equity investment	`PaymentsToAcquireEquityMethodInvestments`	$2.60M	USD	Annual
Profit return to non-controlling interest in subsidiary	`PaymentsOfDividendsMinorityInterest`	-	USD	Annual
Profit return to non-controlling interest in subsidiary	`PaymentsOfDividendsMinorityInterest`	$149.39K	USD	Annual
Payment for investment properties	`PaymentsToAcquireRealEstate`	-	USD	Annual
Payment for investment properties	`PaymentsToAcquireRealEstate`	-	USD	Annual
Net cash provide by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.11M	USD	Annual
Net cash provide by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.62M	USD	Annual
Funds received from capital increase	`FundsReceivedFromCapitalIncrease`	$1.02M	USD	Annual
Funds received from capital increase	`FundsReceivedFromCapitalIncrease`	-	USD	Annual
Bank loans repayment	`RepaymentsOfBankDebt`	$206.75K	USD	Annual
Bank loans repayment	`RepaymentsOfBankDebt`	-	USD	Annual
Bank loan obtained	`ProceedsFromBankDebt`	-	USD	Annual
Bank loan obtained	`ProceedsFromBankDebt`	$2.22M	USD	Annual
Repayment of promissory note	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	Annual
Repayment of promissory note	`ProceedsFromRepaymentsOfNotesPayable`	$-206.37K	USD	Annual
Proceeds from promissory note	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from promissory note	`ProceedsFromNotesPayable`	$1.21M	USD	Annual
Profit return to non-controlling interest in subsidiary	`PaymentsToMinorityShareholders`	$227.62K	USD	Annual
Profit return to non-controlling interest in subsidiary	`PaymentsToMinorityShareholders`	-	USD	Annual
Repayment to director	`RepaymentsOfRelatedPartyDebt`	$52.51K	USD	Annual
Repayment to director	`RepaymentsOfRelatedPartyDebt`	$102.02K	USD	Annual
Advances from director	`ProceedsFromRelatedPartyDebt`	$3.90M	USD	Annual
Advances from director	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.84M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.70M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$118.37K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$61.38K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-470.60K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.60M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Income tax paid	`IncomeTaxesPaid`	$268.36K	USD	Annual
Income tax paid	`IncomeTaxesPaid`	$333.01K	USD	Annual
Interest paid	`InterestPaid`	$845.29K	USD	Annual
Interest paid	`InterestPaid`	$670.25K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.66M	USD	Point-in-time
Issuance of stock dividend	`DividendsCommonStock`	-	USD	Annual
Profit/(Loss) for the year	`ProfitLoss`	$562.27K	USD	Annual
Profit/(Loss) for the year	`ProfitLoss`	$-1.15M	USD	Annual
Capital increase	`StockIssuedDuringPeriodValueNewIssues`	$1.02M	USD	Annual
Transfer between reserves	`TransferBetweenReserves`	-	USD	Annual
Transfer between reserves	`TransferBetweenReserves`	-	USD	Annual
Profit return to non-controlling interest in subsidiary	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-454.20K	USD	Annual
Profit return to non-controlling interest in subsidiary	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-148.07K	USD	Annual
Translation of foreign operations	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$-37.91K	USD	Annual
Translation of foreign operations	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$33.75K	USD	Annual
Balance	`StockholdersEquity`	$-3.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.66M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.